Deal signed for 181 million euro German financial, technical cooperation support

45.8 million euro will come as technical cooperation and 135 million euro as financial support
28 November 2024

Six crisis-hit banks get Tk 22,500 crore BB fund

The banks are: FSIBL, SIBL, Exim, National, Union and Global Islami
28 November 2024

How property taxes can help low-income countries to develop

Satellites, drones, and the right policies can help countries increase revenue by up to 10 times at the local level
27 November 2024

Adani Group says it lost nearly $55 bn since US corruption charges

The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of the bribery scheme.
27 November 2024

Fitch revises outlook on four Adani group firms from ‘stable’ to ‘negative’

The entities whose outlook has been revised to “negative” are rated “BBB”.
26 November 2024

Sri Lanka probes Adani projects after US charges

Both the finance and foreign ministries had been asked to review infrastructure projects awarded to the Indian conglomerate
26 November 2024

Most Asian markets drop, dollar gains as Trump fires tariff warning

The former and next president said on his Truth Social account that he would hammer the United States' largest trading partners in response to the illegal drug trade and immigration
26 November 2024

'No one will win a trade war,' China says after Trump tariff threat

"About the issue of US tariffs on China, China believes that China-US economic and trade cooperation is mutually beneficial in nature," Chinese Embassy Spokesperson Liu Pengyu said in a statement.
26 November 2024

US-Google face off as ad tech antitrust trial comes to close

The trial in a Virginia federal court is Google's second US antitrust case now under way as the US government tries to rein in the power of big tech.
26 November 2024

US plans to reduce Intel's $8.5 billion federal chips grant below $8 billion - New York Times

The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, the people told the Times.
25 November 2024

Business seeks details in face of mixed COP29 climate messages

Two weeks of acrimonious negotiations in Azerbaijan's capital Baku resulted in a deal for $300 billion in annual climate finance by 2035
25 November 2024

SEC issues summons for Gautam Adani, nephew on bribery allegations

The commission is alleging they were engaged in hundreds of millions of dollars in bribes to help an Adani company while "falsely touting the company’s compliance with antibribery principles and laws in connection with a $750 million bond offering".
24 November 2024

Bitcoin’s $100,000 moment will be a perfect storm

Trump’s team has met with industry executives to discuss creating a White House job focused on cryptocurrency policy.
24 November 2024

Adani CFO says US charges linked to only one business contract

On Wednesday, Gautam Adani, one of the world's richest men, and seven others were indicted for fraud by US prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals.
24 November 2024

Scott Bessent a credible, safe pick for Treasury: experts

Earlier this month on Fox News, Bessent defended the potential use of tariffs as a means to raise revenue for the government
24 November 2024

What forcing Google to sell Chrome could mean

Elon Musk's AI startup could conceivably be a Chrome contender, bankrolled by his riches and having the deal cleared thanks to his close working relationship with incoming president Donald Trump.
23 November 2024

Nvidia CEO says will balance compliance and tech advances under Trump

The US chipmaking giant this week reported record high quarterly revenue on the back of strong AI chip demand, though investors are wary of US-China tensions reheating during a new Trump term.
23 November 2024

Sri Lanka's president makes U-turn on IMF bailout

The $2.9 billion loan secured early last year required Colombo to sharply raise taxes, remove generous energy subsidies and agree to restructure more than 50 loss-making state enterprises.
21 November 2024

Nvidia crushes earnings expectations on AI chip demand

Nvidia reported quarterly sales of $35.1 billion, some $2 billion more than market expectations.
21 November 2024

Adani plunges in Mumbai on founder's charges as Asian markets retreat

Several listed subsidiaries of the Adani empire collapsed in early trade, with some losing as much as 20 percent
21 November 2024